VOL. XXXIV

NO.16

21 JANUARY 1991

Iran

Petrobras to Reduce Iranian Crude Imports to 100,000 b/d by April

Petrobras President Eduardo Teixeira has announced that Brazil's state-ownedoil company will phase out a 100,000 b/d crude oil supply contract with Iran byApril because of unfavorable terms. Until December, Petrobras had two 100,000b/d contracts with Iran. One had been due for renewal in December, while theother extends until July. Mr. Teixeira, who was appointed to the post ofPresident in...